Nasdaq Earnings Preview
Portfolio Pulse from Benzinga Insights
Nasdaq (NASDAQ:NDAQ) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $0.70. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Nasdaq's stock price has shown mixed reactions to earnings reports, with a slight drop following the last report despite an earnings beat. Shares are currently trading at $58.25, with a 1.68% decline over the past 52 weeks, indicating a bearish sentiment among long-term shareholders.
January 30, 2024 | 5:02 pm
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NEUTRAL IMPACT
Nasdaq is anticipated to report an EPS of $0.70 for the upcoming quarter. Historical data shows minor stock price fluctuations post-earnings, with a recent 1.21% drop despite an earnings beat. Current share price is $58.25, reflecting a 1.68% decrease over the last year.
The expected EPS is in line with previous quarters, and historical performance indicates that the stock price may not significantly react to the earnings report itself but could be influenced by the forward guidance provided. The current bearish sentiment among long-term shareholders could temper any positive reaction to an earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100